SSE Renewables has formed a strategic partnership with Brookfield for the 1400MW Hollandse Kust West offshore wind farm zone tenders that are currently underway in the Netherlands.
The 50:50 partnership combines SSE Renewables’ experience in developing, constructing and operating offshore wind farms with Brookfield’s own development experience and specialism in contracting long-term offtake agreements with corporate counterparties.
The companies hope to bring their innovative approaches to the Netherlands and see these tenders as a way to assist the Dutch government in achieving their ambitious renewables ambitions.
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms with approximately 21,000MW of installed capacity.
The company is an established leader in power marketing, with over 700 industrial and commercial clients.
In 2021 Brookfield Renewable signed power purchase agreements (PPAs) with 62 individual companies for an annual contract volume of over 11,000GWh.
Brookfield is pursuing this partnership through the Brookfield Global Transition Fund I, which is the largest fund in the world focused on the energy transition, targeting a $15bn (€14.4bn) close in the coming weeks.
Across its wider portfolio, Brookfield is a substantial investor in the Netherlands with approximately €3bn of assets under management across renewable power, data infrastructure, real estate and industrial services.
SSE Renewables project director for international markets Dennis Breugelmans said: “I am delighted that we are partnering with Brookfield Renewable on this project given their significant operating experience and their wider investments in the Netherlands.
“Both partners are experienced innovators and committed to ensuring that offshore wind is developed in harmony with the surrounding ecosystem.”
Brookfield Renewable managing partner Natalie Adomait said: “The joining of our commercial capabilities with SSE Renewables’ experience in developing, constructing and operating offshore wind presents a strong partnership in the Netherlands.
“We view the Netherlands’ focus on innovation as a positive for the industry which will drive greater uptake of clean energy for regional businesses.”